The following account balances were selected from the records of Blake Corporation at December 31, year 2, after all adjusting entries were completed Common shares (no par value; authorized 109,000 shares, issued 34,900 shares) Contributed surplus Dividends declared in year 2 Retained earnings, January 1, year 2 Correction of prior-period accounting error (a debit, net of income tax) Income summary for 2020 (credit balance) The stock price was $22.81 per share on that date. Required: $698,000 167,500 19,800 76,800 8,450 29,350 1. Identify the amounts that would be reported in the retained earnings column of the statement of changes in equity for year 2. tems affecting Retained Earings during year 2 Retained earnings, January 1 Total 0 Retained earnings, December 31 S 0 2. Prepare the shareholders' equity section of the statement of financial position at December 31, year 2 BLAKE CORPORATION Shareholders' Equity Contributed capital As at End of Year 2 Total contributed capital S Total shareholders' equity $